The Crypto Fear and Greed Index came in at 70 on Sept. 27, according to data from Alternative, down from 74 a day earlier. The reading still points to a market in the "Greed" zone, but the latest move shows sentiment has eased from the previous day.
The index runs on a 0 to 100 scale and draws on six components. Volatility and market trading volume each account for 25% of the score. Social media activity and market surveys each make up 15%, while Bitcoin’s share of the overall market and Google search trend analysis each contribute 10%.
The update was cited by BlockBeats in a brief market sentiment report published on Sept. 27.
The Crypto Fear and Greed Index stood at 70 on Sept. 27, according to Alternative data cited by BlockBeats. The previous day’s reading was 74, indicating that market greed has cooled.
How the index is calculated
The index uses a 0-100 scale and includes the following components:
- Volatility: 25%
- Market trading volume: 25%
- Social media activity: 15%
- Market surveys: 15%
- Bitcoin’s share of the overall market: 10%
- Google search trend analysis: 10%
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